Rush Limbaugh unleashed an exquisite blast of paranoia on Sean Hannity's show last night, predicting that newspapers, television networks, and radio networks will all go bankrupt (true), at which point Obama will personally take them over (crazy).

It's a fine bit of economic analysis on Limbaugh's part: The ad recession is killing the news media, so they all need loans from banks, and since Obama runs the banks (he doesn't!), he will wield that influence to bail media companies out and bring them all to heel.

Which Obama would absolutely do, because he's getting such shitty coverage these days.